OPEC+ to boost oil output by 1.65 million barrels daily

What is the implication for ExxonMobil stock and our Upstream Cash Flow?

Story by Богуслав Романенко

Exporters are set to decide on Sept. 7 to begin unwinding a second tranche of production cuts totaling approximately 1.65 million barrels per day (1.6% of global demand), over a year ahead of the original schedule.

OPEC+, which controls about half of global oil production, has significantly shifted its policy since April 2025, moving away from years of output reductions.

https://www.msn.com/en-us/money/markets/opec-to-boost-oil-output-by-1-65-million-barrels-daily

#Oil #Market #Production

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6 replies (most recent on top)

@cs+1k4basmgj

The key question is "What is our cost to produce oil & gas in West Texas?" I am not sure that we are on the lowest end of the cost to produce curve.

Thank you OPEC , + increase domestic output $40.00 a barrel in our future

World oil prices are dropping. Finally can fill my F150 all the way up under $100. Good news!!

@a2+1k4basmgj

Crude prices will drop below $60 per bbl. if the OPEC+ increases output by 1.65 million barrels per day.

You do not need to be a "BOT" to figure that out.

#admin
Bots posting irrelevant nonsense.

Y’all have a bank of posts ready to deploy? Get back to working on how to squeeze the average worker for the good of the shareholder.

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OPEC+ to boost oil output by 1.65 million barrels daily

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